Peter J Gundermann, Astronics Corporation's PRESIDENT/CEO and a director of the company, recently disposed of 47,322 shares of the company. The disposals took place at prices ranging from $0.00 to $45.00 per share, on August 03, 2018. Gundermann still owns 486,403 shares of the company. Gundermann operates out of East Aurora, NY. Some additional info was provided as follows:
Represents shares converted from Class B Common Stock to Common Stock.
Sold pursuant to a 10b5-1 trading plan. All sales under this 10b5-1 trading plan have been completed.
Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
Vesting of these restricted stock units depends on Astronics Corp.'s average annual adjusted EBITDA for the period of Janua
ry 1, 2018- December 31, 2020. The "target" number of restricted stock units is reported. Between 75% and 115% of the target number of units may vest on December 31, 2020, with the vesting percentage determined based on actual performance.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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